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Among companies with 100 or fewer employees, only 14% sponsor a retirement plan. The Wall Street Journal highlights the fresh batch of startups including Guideline, Captain 401, and ForUsAll that are trying to bring accessibility and fee transparency to the 401(k) arena.
The startups say they have reduced the time it takes employers to design a plan by summarizing, in plain English, the choices and features available. Roger Lee, chief executive of San Francisco-based Captain401, said “employers can configure their 401(k) plan online through our interactive [signup] wizard and receive guidance on what options are popular and what parameters are recommended based on the company’s goals.”
http://www.wsj.com/articles/startups-shake-up-401-k-arena-1470012737
